Friday, April 26, 2024
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Bounce

The development comes six months after raising $60 million in its Series C funding round led by Singapore's sovereign wealth fund GIC

Bounce has announced funding weeks after it reported Bounce laid off about 3-4 per cent of its workforce (of nearly 500-700 employees base) as part of its restructuring exercise

The EV manufacturer had laid off nearly 80 per cent of its workforce, around 300 people, in 2021

B Capital led this funding round along with existing investors Chiratae Ventures, Sequoia India's Surge and Better Capital